Litecoin LTC/USD traded at 68.04 and continue to move within the bullish channel. Capitalization of the cryptocurrency at the time of publication of the forecast is $3 957 397 811. At the moment, we should expect a test of the support level near the area of 64.00. Where again we should expect a rebound and the continued growth of the Litecoin exchange rate with a target above the level of 75.00.
Litecoin (LTC/USD) technical analysis September 5, 2018
In favor of LTC/USD quotes growth, an uptrend test will be performed on the relative strength index (RSI), as well as a test of the lower border of the channel. The abolition of the growth option will be the fall and breakdown of the 61.00 area, which will indicate the breakdown of the support area and the continued decline in the rate of the cryptocurrency. With the breakdown of the resistance area and the closing of quotes above the level of 70.00, we should expect confirmation of the development of the upward trend for Litecoin.
Litecoin (LTC/USD) technical analysis September 5, 2018 suggests an attempt to test the support area near the level of 64.00, from which it is expected to rebound and continue the growth of LTC/USD to the area above the level of 75.00, an additional signal in favor of Litecoin rise will test the trend line on the indicator of relative strength index (RSI), the abolition of the growth option will be the fall and breakdown of the area of 61.00, which will indicate the continued decline in the cryptocurrency.
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